IShares International Correlations

ISVL Etf

USD 44.90 0.48 1.06%

The current 90-days correlation between iShares International and Virtus Private Credit is 0.21 (i.e., Modest diversification). A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as IShares International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if iShares International Developed moves in either direction, the perfectly negatively correlated security will move in the opposite direction.

IShares International Correlation With Market

Poor diversification

The correlation between iShares International Develope and DJI is 0.61 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding iShares International Develope and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with IShares Etf

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in iShares International Developed. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in unemployment.

Moving together with IShares Etf

0.95	FNDC	Schwab Fundamental	Pair Corr
0.99	AVDV	Avantis International	Pair Corr
0.94	DLS	WisdomTree International	Pair Corr
0.98	PDN	Invesco FTSE RAFI	Pair Corr
0.99	DISV	Dimensional ETF Trust	Pair Corr
0.86	DIM	WisdomTree International	Pair Corr
0.96	DDLS	WisdomTree Dynamic	Pair Corr
0.97	GVAL	Cambria Global Value	Pair Corr
0.94	FYLD	Cambria Foreign Shar	Pair Corr
0.75	WGMI	Valkyrie Bitcoin Miners	Pair Corr
0.95	URTH	iShares MSCI World	Pair Corr
0.72	LITP	Sprott Lithium Miners	Pair Corr
0.84	TSL	GraniteShares 125x Long	Pair Corr
0.73	SLV	iShares Silver Trust	Pair Corr
0.84	ANEW	ProShares MSCI Trans	Pair Corr
0.79	TQQY	GraniteShares YieldBOOST	Pair Corr
0.94	HYSD	Columbia ETF Trust	Pair Corr
0.73	INTW	GraniteShares 2x Long	Pair Corr
0.75	GLD	SPDR Gold Shares	Pair Corr
0.94	PJUN	Innovator SP 500	Pair Corr
0.91	JEPQ	JPMorgan Nasdaq Equity	Pair Corr
0.84	SGDJ	Sprott Junior Gold	Pair Corr
0.92	SPLG	SPDR Portfolio SP	Pair Corr
0.92	UWM	ProShares Ultra Russ	Pair Corr
0.91	GEMD	Goldman Sachs ETF	Pair Corr
0.9	AUGZ	TrueShares Structured	Pair Corr
0.75	DBP	Invesco DB Precious	Pair Corr
0.81	BLCV	BlackRock ETF Trust	Pair Corr
0.83	BASV	Brown Advisory Susta	Pair Corr
0.88	SPEU	SPDR Portfolio Europe	Pair Corr
0.74	DRUP	GraniteShares ETF Trust	Pair Corr
0.83	FFIU	Fieldstone UVA Uncon	Pair Corr
0.95	HIDV	AB High Dividend	Pair Corr

Moving against IShares Etf

0.92

VIXY

ProShares VIX Short

Pair Corr

Related Correlations Analysis

	VPC	WBIY	KBWR	AVEE	PXE	GMOV	FTHF	TCHI	MKOR	PRXV
VPC		0.02	0.22	-0.42	0.0	-0.33	-0.88	-0.68	-0.85	-0.61	VPC
WBIY	0.02		0.86	0.72	0.68	0.89	0.33	0.59	0.28	0.74	WBIY
KBWR	0.22	0.86		0.6	0.72	0.75	0.11	0.46	0.04	0.55	KBWR
AVEE	-0.42	0.72	0.6		0.55	0.86	0.75	0.89	0.7	0.86	AVEE
PXE	0.0	0.68	0.72	0.55		0.62	0.23	0.59	0.22	0.56	PXE
GMOV	-0.33	0.89	0.75	0.86	0.62		0.62	0.82	0.51	0.91	GMOV
FTHF	-0.88	0.33	0.11	0.75	0.23	0.62		0.87	0.97	0.84	FTHF
TCHI	-0.68	0.59	0.46	0.89	0.59	0.82	0.87		0.82	0.92	TCHI
MKOR	-0.85	0.28	0.04	0.7	0.22	0.51	0.97	0.82		0.78	MKOR
PRXV	-0.61	0.74	0.55	0.86	0.56	0.91	0.84	0.92	0.78		PRXV
	VPC	WBIY	KBWR	AVEE	PXE	GMOV	FTHF	TCHI	MKOR	PRXV

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

MKOR	+ 0.97	FTHF
PRXV	+ 0.92	TCHI
PRXV	+ 0.91	GMOV
GMOV	+ 0.89	WBIY
TCHI	+ 0.89	AVEE
TCHI	+ 0.87	FTHF

High negative correlations

FTHF	- 0.88	VPC
MKOR	- 0.85	VPC
TCHI	- 0.68	VPC
PRXV	- 0.61	VPC
AVEE	- 0.42	VPC
GMOV	- 0.33	VPC

IShares International Constituents Risk-Adjusted Indicators

There is a big difference between IShares Etf performing well and IShares International ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze IShares International's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
VPC	0.52	(0.20)	0.00	(0.28)	0.00	0.00	0.92	(1.34)	4.03
WBIY	0.85	(0.05)	(0.03)	0.04	0.91	(0.99)	2.14	(1.51)	6.30
KBWR	1.07	(0.20)	0.00	(0.03)	0.00	0.00	2.72	(2.06)	11.17
AVEE	0.64	(0.01)	(0.05)	0.06	0.77	(0.71)	1.15	(0.91)	4.64
PXE	1.23	(0.09)	(0.05)	(0.01)	1.73	(1.20)	2.50	(2.51)	8.59
GMOV	0.55	0.00	0.00	0.08	0.47	(0.71)	1.41	(0.76)	4.06
FTHF	0.84	0.15	0.14	0.27	0.80	(0.97)	1.70	(1.24)	4.83
TCHI	1.39	0.17	0.10	0.19	1.73	(1.55)	3.11	(2.39)	12.01
MKOR	1.04	0.13	0.11	0.22	0.99	(1.16)	2.22	(1.51)	5.79
PRXV	0.46	(0.01)	(0.04)	0.07	0.42	(0.54)	1.07	(0.81)	3.08

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